Latest News from IBI
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Correct Craft acquires Ranger Tugs, Cutwater and Solara parent
Fluid Motion will continue to operate independently, retaining its brands and team members
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OXE Marine Q2 revenue falls as losses widen
Softer market conditions and delayed government projects hit Swedish diesel outboard manufacturer
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Wildfires force evacuation of France’s Cap Ferret boating destination
The area is a popular leisure boating hub with numerous marinas, yacht harbours and seasonal cruising
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EBI secretary general on European market headwinds and hopes for recovery
Phillip Easthill shares his latest insights as the Polboat Yachting Festival opens in Gdynia
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Carla Demaria joins ICOMIA board as co-opted director
Former Bluegame CEO brings global boat building expertise to strengthen ICOMIA leadership
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Sterk Yachts appoints Nautical Ventures as exclusive Florida dealer
German builder partners with Vision Marine Technologies subsidiary to expand US presence and explore electric propulsion opportunities
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Lookout grows global footprint with dealer network expansion
Enhanced distribution network to strengthen AI navigational platform’s international presence
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Catana Group reports nine-month revenue decline
New boat sales fell 21% as geopolitical factors continued to impact market conditions.
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1st Aqaba Blue attracts international support ahead of 2026 launch
Jordan’s first international marine industry exhibition has secured more than 80% of exhibition space ahead of its September debut
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People on the Move this Week
New appointments at Aquavista, RAD Propulsion, Seven Yachts and more
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MarineMax FQ3 profits and margin up despite drop in revenue, same-store-sales
US boat retailer posts 9.2% gross profit increase as inventory normalisation and tariff refunds boost margins
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Swiss bank Julius Baer more than doubles first-half profits
The Zurich-based wealth manager maintains strong yachting sector ties through UHNWI services and event sponsorships including Yacht Club de Monaco
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Floating Life strengthens collaboration with Sunreef Yachts
Exclusive event held in Zurich to promote the Polish multihull builder
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Next Yacht Group acquires metal fabrication specialist
The deal, backed by a €20m investment plan, will expand production capacity for Maiora and AB Yachts’ metal superyacht lines across facilities in La Spezia and Pisa
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Azimut-Benetti Group denies interest in buying TISG
The Italian builder has clarified it is not interested in acquiring The Italian Sea Group, though it remains open to considering specific assets
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Nautic Center co-founder Marta Espígol dies
Spanish marine industry figure remembered for her contribution to the development of the country’s nautical sector
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Seven Yachts hires charter director to drive EU expansion
Jochem Eenkhoorn joins the UAE-based company to expand its global reach and enhance its client-focused luxury yacht charter services
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Regal Boats appoints Washington State dealer
Union Marine will represent the builder’s Express Cruiser and Yacht ranges
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Balance Catamarans launches final 442 to make way for new model
Onda is the last of the 442 line, which produced 30 hulls but now makes way for the Balance 464
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Mitie Group agrees £3.1bn acquisition by OCS Group International
The UK company manages marina facilities, port security and provides superyacht concierge services
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Business as usual for Dubai-based superyacht refit firm
IBI’s Middle East correspondent visits Autore, a specialist in superyacht refit and repair
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RAD Propulsion expands in North America with US sales appointment
Marine propulsion specialist names Sean Wilson as US sales manager as it continues to build its commercial presence in the world’s largest leisure marine market
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EBI energy transition roadmap has coastal, inland marinas in its sights
Europe’s marinas face major infrastructure upgrades to support the shift to zero-emission recreational boating
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Alaskan community launches 27-vessel clean-up
The BoatUS-funded initiative will remove boats from waters surrounding Annette Islands Reserve
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Former British Marine president, ICOMIA vice chairman dies
David Lewin remembered for more than four decades of service to the leisure marine sector
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Cruisers Yachts grows Mexican dealer network
Wisconsin-based boat builder appoints new retail partner in Mexico, with the first customer deliveries already completed
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Lumitec achieves ISO 9001:2015 certification
Florida-based marine lighting manufacturer say milestone reinforces its quality management credentials as it expands its international business
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MB92 explores intelligent refit technologies in new report
Technology should support human expertise and align with data and artificial intelligence
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Paris show on track for November
The Fédération des Industries Nautiques revived and relocated the historic Paris Nautic exhibition last year, first held at the Grand Palais in 1926
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Northrop & Johnson broker dies after 50-year career in yachting
Bob Leslie has passed away at the age of 81
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TISG CEO Giovanni Costantino steps down amid company challenges
The departure leaves The Italian Sea Group facing mounting uncertainty, with the luxury yacht maker now requiring a new board to guide its future direction
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Turkish shipyard ends partnership with Nordhavn Yachts after 55 builds
The partnership ended amicably due to rising production costs
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VMG unveils details of first 16m trimaran
The New York-based startup has revealed further details of its first model, the VMG 53, ahead of its planned January 2027 debut
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Croatian dealer opens Monaco office to expand Mediterranean presence
Navis Marine has established an international sales and brokerage hub at Port Hercule
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Petition targets Starlink’s new international roam restrictions
Online petition garners hundreds of signatories within hours of being launched
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Investors confirmed for Smart & Sustainable Marina Innovation Awards
Applications for startups and scaleups close on 22 July
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Former Wellcraft president, Marine Concepts founder dies
Bob Long passed away last week at the age of 86
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Bluegame unveils new BG64 model ahead of Cannes debut
The 64ft yacht brings together design elements from the company’s larger models with the hull platform of the BGX63, marking the first major product launch under new CEO Gianguido Girotti
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Aquavista appoints chief operating officer
Mark Brooke joins the UK marina operator to oversee operations across its 33-marina network
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Fountaine Pajot launches new brokerage brand
The French catamaran builder has entered the pre-owned yacht market with the introduction of Vélite, an international brokerage network supported by Nextsail
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Freedom Boat Club expands in France
New locations in Sète and Gruissan strengthen brand presence on Mediterranean coast
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Fairline strengthens European sales network with key dealer appointments
UK builder appoints new dealers in Turkey and Norway
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Groupe Beneteau launches dedicated marine finance programme in Australia
The new customer finance initiative, developed with Australian lender MitchCap, will be offered through participating dealer network
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First Pershing GTX90 launched as new Sport Utility Yacht expands GTX range
The new 27.97m model combines Pershing’s sporty DNA with enhanced comfort, liveability and on-board space
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Volvo Group reports higher Q2 sales and earnings
Volvo Penta Q2 order intake up 13% as overall profitability grows for Swedish engine builder
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Interview: Cannes Yachting Festival director on growth, innovation and managing demand
Constance Brément discusses the event’s evolution, expansion plans, sustainability initiatives and why exhibitor demand is now outstripping available space
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French lawmakers propose ban on superyachts over 50m
The private member’s bill would prohibit large recreational yachts from using French ports and territorial waters
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Vision Marine posts 27% sequential revenue growth
The electric propulsion and boat retail group has reported sales of US$48.6m for the first nine months of fiscal 2026
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Vitters achieves fossil-free superyacht breakthrough with Yacht Zero launch
The 69m ketch is said to be the first of her size to run solely on renewable energy without compromising comfort or range
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